ADDRESSING THE RETIREMENT BENEFITS FOR THE ELDERLY AND RETIRED
UNLOCKING NIGERIA'S SOCIOECONOMIC POTENTIAL BY ADDRESSING THE RETIREMENT BENEFITS FOR THE ELDERLY AND RETIRED Introduction Nigeria, like many countries, faces the challenge of providing adequate compensation and support for its elderly and retired citizens. The failure to address this issue adequately has far-reaching socioeconomic implications. The withholding of remuneration due to the elderly and retired not only encourages corrupt practices but also hinders Nigeria's economic growth and the welfare of its citizens. In this article, we will explore the implications of this issue and propose strategies to curb this anomaly, emphasizing how addressing it can contribute to Nigeria's economic development and overall well-being. Socioeconomic Implications Corruption and Financial Exploitation : The withholding of remuneration due to the elderly and retired encourages corrupt practices, where individuals, particularly in public sectors, embezzle funds that should right